Mastercard is Down for the 3rd Day in a Row

The Daily View for Mastercard

  • At the time of this writing, MA’s price is down $-1.16 (-0.3%) from the day prior.
  • Mastercard has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Mastercard. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the moment, MA’s price is down $-5.53 (-1.45%) from the day prior.
  • The daily chart shows that Mastercard has seen 3 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

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